Shares of Narayana Hrudayalaya, which owns and operates the Narayana Health network, were trading with gains of up to 10% on Monday, November 17, after the company reported a strong set of numbers for the September quarter (Q2 FY26).
The healthcare operator posted robust year-on-year and sequential growth across all key financial metrics.
Revenue rose 20.3% YoY to ₹1,643.79 crore, compared with ₹1,366.68 crore in the same quarter last year. It also grew 9.1% sequentially from ₹1,507.27 crore in Q1 FY26.
Q2FY26
Q1FY26
Q2FY25
QoQ
YoY
Rev
1643.79
1507.269
1366.682
9.1%
20.3%
EBITDA
426.493
360.743
332.332
18.2%
28.3%
EBITDA MARGINS
25.9%
23.9%
24.3%
8.4%
6.7%
Profit
258.829
196.051
199.293
32.0%
29.9%
Profitability also improved, with EBITDA jumping 28.3% YoY to ₹426.49 crore as against ₹332.33 crore a year earlier. On a sequential basis, EBITDA was up 18.2% from ₹360.74 crore.
EBITDA margin expanded to 25.9%, compared with 24.3% in Q2 FY25 and 23.9% in Q1 FY26.
The bottom line continued to show strong momentum. Net profit surged 29.9% YoY to ₹258.83 crore, from ₹199.29 crore a year earlier, and was 32% higher QoQ compared to ₹196.05 crore.
Looking ahead, the company said it plans to increase its bed capacity to over 7,650 by FY30, up from the current 5,750.